Vena Discovers Significant Gold/Silver/Copper Mineralization at Esquilache

TORONTO, ONTARIO, Jun 16 (MARKET WIRE) --
Vena Resources Inc. ("Vena" or the "Company") (TSX: VEM)(LIMA:
VEM)(FRANKFURT: V1R) is pleased to announce that in advance of the
planned drill program the Company has completed a series of extensive
geological/geophysical studies at the historical Esquilache silver mine
including:

- Completion of a geophysics program covering 130 line kilometers that
identified seven large chargeability/resistivity targets

- Rehabilitation of 1,450 metres of underground workings in the Mamacocha
zone

- Systematically collected 431 channel samples across mineralized
underground structures and 974 surface samples from the seven target areas

- Completed petrographic and mineralogical studies

- Receipt of the drill permit for 20 platforms (17 platforms have been
constructed to date) and the drifting permit for 2,000 metres of
underground development.

- Discovery of significant gold, silver and copper mineralization within
vein systems in the Mamacocha zone as highlighted in the following two
maps below:

To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/VEM616figure1.jpg

To view Figure 2, please visit the following link:
http://media3.marketwire.com/docs/VEM616figure2.jpg

Vena has committed to pay US$300,000 over three years and to invest
US$1.5 million in exploration activities to earn 60% of the joint venture
project in partnership with Golden Minerals. Over the next two years Vena
can increase its ownership in the project to 70% upon completion of a
feasibility study. The option has been modified so that all cash payments
can be made in equivalent shares of Vena at the discretion of Golden
Minerals.

Esquilache is a very large (25,000 hectares) exploration project in Puno,
Peru. The mineralized structures are stockworks and rosary-type veins
with varying dimensions from centimeters to over five meters in width and
outcropping over 1.2 kilometres in length. The oxide part of some of
these structures has been exploited since Colonial days in the Creston
zone.

This press release has been reviewed and approved by David Bent, P.Geo.,
Vena's Vice President of Exploration and Qualified Person as defined by
NI43-101. Vena's exploration and development programs are being
supervised by Mr. Bent. All laboratory samples have been completed and
analyzed by CIMM Peru, an ISO certified assay laboratory in Lima. The
program is designed to include a comprehensive analytical quality control
routine comprising the systematic use of standards, blanks and field
duplicate samples. A secondary laboratory will be used for check assaying.

For further information on Vena Resources, please visit the Company
website at www.venaresources.com.

Statements in this press release regarding the Company's business which
are not historical facts are "forward-looking statements" that involve
risks and uncertainties, such as estimates and statements that describe
the Company's future plans, objectives or goals, including words to the
effect that the Company or management expects a stated condition or
result to occur. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks and
uncertainties. Actual results in each case could differ materially from
those currently anticipated in such statements.

Shares Outstanding: 79,825,324

Fully-Diluted: 88,406,575

The TSX does not accept the responsibility
for the adequacy or accuracy of this release.

Contacts:
Vena Resources Inc.
Juan Vegarra
Chairman & CEO
(416) 364-7739, ext. 120
jvegarra@venaresources.com
www.venaresources.com

Copyright 2009, Market Wire, All rights reserved.

-0-